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Active Biotech acquires 100 % in Transport AB Movera

1998-12-29

Active Biotech has, through its wholly-owned subsidiary Movera Holding AB, acquired the minority's 16 % in Transport AB Movera for SEK 20M.

The now wholly-owned Transport AB Movera contains Helikopterservice Euro Air with intercity traffic between Copenhagen Airport - Malmoe/Helsingborg and the business aviation company Inter Air.

"By buying the minority we create a free cash flow in the Movera-concern. The acquisition is a preparation for the suggested tax free distribution to Active Biotech's shareholders of all our non-biotechnology business" says Bo Håkansson.

Substantial acquisition of shares

Movera Holding AB has acquired additional 190.000 B-shares in the health care-company Lifco. After the acquisition the stockholding for Movera amounts to 1.512.103 shares and represents 16,6 % of the capital and 10,4 % of the votes.

"We now have increased our shareholding. We see Lifco as a strategic investment with high growth within health and health care".

Lund December 28, 1998

Active Biotech AB

Bo Håkansson
President, Active Biotech AB

Active Biotech is a biotechnology company with a broad and in-depth product portfolio and with sustainable liquid funds. The Group's operations are based on know-how in immunology. Some 185 researchers in Lund, Solna and Cambridge develop vaccines for tourist diarrhoea, cholera, polio, streptococci and streptococci infections, and conduct research into new drugs for treatment of multiple sclerosis, rheumatism, asthma and cancer.

Active Biotech AB
P.O. Box 724, SE-220 07 Lund
Tel.: +46 46 19 10 00 Fax: +46 46 19 20 50
E-mail: info@activebiotech.com
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